Tax Penalty Estimator

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Not having health insurance can be costly! Without health insurance, you pay a lot more when you need health care. And you miss out on benefits that keep you healthy.

Plus, there’s a penalty for not having health insurance. That means you might pay a fee when you file your taxes. Native Americans and others who qualify for an exemption do not have to pay this fee. Answer the questions below to estimate the tax penalty amount you might pay if you’re uninsured.

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My annual household income

My tax filing status

I am age 65 or older

YesNo

My spouse is age 65 or older

YesNo

How many people are in your household?

Did you have health insurance for part of the year?

YesNo

Please select the months you expect you’ll be covered by health insurance

Your Estimated Tax Penalty

What can you do to avoid the penalty? Sign up for health insurance! It’s easier than you might think, and financial help is available for most New Mexicans who enroll through beWellnm. Use our Plan Finder to view plans and see how much you may be able to save.

Disclaimer:

This calculator is designed to provide a sample estimate of your tax credit for illustrative purposes only. The actual penalty amount may vary with additional information entered, and some people are exempt from paying a penalty. The information provided is not legal or tax advice. Consult your tax advisor to determine if you may be subject to the tax penalty for not having health insurance and to determine your actual penalty amount.

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